Japan's prime minister on Thursday warned African leaders against accumulating too much debt, in an apparent reference to Chinese infrastructure projects some blame for damaging the finances of developing nations.
"If partner countries are deeply in debt, it interferes with everyone's efforts to enter the market," he said, introducing financing and insurance schemes by Japan's government-backed institutions aimed at reducing risks to businesses and public coffers. However China, with its ambitious Belt and Road Initiative, has a massive presence, having announced $60 billion in African development funding last year.
Shoji Takamatsu, a veteran consultant on African investments, said it was difficult for Japan to compete with China's economic might and zeal for building its presence in Africa.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
Singapore Latest News, Singapore Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Iran's Zarif to Japan PM: We are not seeking heightened tensionsIran is not seeking to increase tension but every country should be able to enjoy its rights under international law, Foreign Minister Mohammad ...
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »
Yahoo Japan ending ivory sales, joining other online retailersYahoo Japan Corp plans to end the sale of ivory on the country's biggest online auction site, two sources with direct knowledge of the matter said ...
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »
South Korea summons Japan ambassador as export trade curbs take effectSEOUL (REUTERS) - South Korea summoned Japan's ambassador to protest a decision to remove Seoul's fast-track export status, which took effect on Wednesday (Aug 28) amid a deepening political and economic feud.. Read more at straitstimes.com.
Source: The Straits Times - 🏆 8. / 63 Read more »
2 killed, almost 850,000 people evacuated as record rains cause floods in southern JapanTOKYO (REUTERS, AFP) - Torrential rains caused floods and landslides on the southern Japanese island of Kyushu on Wednesday (Aug 28), killing at least two people and prompting authorities to issue a rare emergency warning and evacuation orders for nearly 850,000 people. . Read more at straitstimes.com.
Source: The Straits Times - 🏆 8. / 63 Read more »
South Korea summons Japan ambassador as export trade curbs take effectSouth Korea summoned Japan's ambassador to protest a decision to remove Seoul's fast-track export status, which took effect on Wednesday amid a ...
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »
South Korea calls on Japan to agree to talks to repair tiesSEOUL (KYODO) - South Korea's prime minister on Wednesday (Aug 28) urged Japan to agree to talks to repair ties between the two countries, after Japan revoked South Korea's status as a preferential trading partner earlier in the day.. Read more at straitstimes.com.
Source: The Straits Times - 🏆 8. / 63 Read more »